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Shares close marginally higher

August 30, 2012

KUALA LUMPUR: Share prices on Bursa Malaysia closed marginally higher today, supported by gains in selected blue chips, dealers said.

The FTSE Bursa Malaysia KLCI (FBM KLCI) earned 0.53 of a point to 1,646.11 after opening 0.86 of a point lower at 1,644.72.

A dealer said heavyweight stocks like Sime Darby gained due to positive financial results posted recently.

As for global sentiments, he said, investors were cautiously awaiting the outcome of a meeting of central bankers and economists, including US Federal Reserve chairman, Ben Bernanke, tomorrow.

“Investors are waiting to see if there will be more moves to stimulate the sluggish US economy,” he said.

The Finance Index fell 26.84 points to 14,745.68, the Plantation Index shed 3.2 points to 8,606.59 and the Industrial Index lost 7.02 points to 2,871.39.

The FBM Emas Index lost 8.45 points to 11,229.54, the FBM 70 Index slid 5.09 points to 12,252.53 and the FBM Ace Index dipped 43.32 points to 4,591.63.

Market will be closed tomorrow for the National Day celebrations.

Losers led gainers 455 to 279, 336 counters were unchanged, 562 untraded and 33 others suspended.

Total turnover rose to 1.37 billion shares worth RM1.71 billion from 1.26 billion shares worth RM1.296 billion registered yesterday.

Volume on the Main Market declined to 717.76 million units valued at RM1.58 billion from 733.14 million units valued at RM1.19 billion transacted yesterday.

Turnover on the ACE Market added to 611.53 million shares worth RM132.34 million from 460.01 million shares worth RM93.96 million yesterday.

Warrants eased to 41.97 million units valued at RM3.66 million from 57.68 million units valued at RM5.22 million.

Of the actives, Pasukhas jumped 9.5 sen to 70 sen, Asia Bioenergy earned half a sen to nine sen, while Ingenuity Solutions lost 2.5 sen to 37 sen and Nextnation eased half a sen to 13.5 sen.

Of the heavyweights, Maybank was flat at RM9.15, Sime Darby rose one sen to RM9.81, Maxis added five sen to RM7.04 but CIMB erased four sen to RM7.79.

Consumer products accounted for 70.33 million shares traded on the Main Market, industrial products 146.54 million, construction 24.1 million, trade and services 306.41 million, technology 20.43 million, infrastructure 15.71 million, finance 49.1 million, hotels 480,600, properties 51.35 million, plantations 22.83 million, mining zero, REITs 8.4 million and closed/fund 83,600.



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